Alternatives Product Development Manager - AVP

State Street

State Street

Product

Quincy, MA, USA · Boston, MA, USA

USD 80k-140k / year

Posted on May 11, 2026

Job Description

The Alternatives Product organization seeks a qualified leader with strong experience and interest in leading alternatives projects for our alternatives product organization. The individual must bring strong experience in Alternatives and program/project management to manage complex business transformation and technology development. This role will interact directly with key stakeholders across the business, technology and within the product organization, including senior management. The successful candidate must have excellent verbal, written and presentation skills, be highly organized, and have a good understanding of our Alternatives business.

Responsibilities

  • Lead and/or perform the execution of specified Alternative development programs, including partnering with other members of the client facing, product, global delivery and technology teams.
  • Manage development plans, development execution, coordinate requirements gathering, translating and participating in the agile development process, testing and roll-out of capabilities
  • Facilitate program governance including compliance with policies, best practices, oversight of issues, risks, audit and compliance items in support of program reporting.
  • Participate as product owner or assigned role for agile development programs including organizing program, epic & story creation, status tracking, execution status meetings, issue escalation/resolution, and communicating status to internal and external stakeholders
  • Participate in development of transition plan to migrate new capabilities into our operating model; and addressing the administrative aspects of establishing the product or service offering
  • Collaborate globally across business units to share approaches, develop best practices and improve the teams capabilities to successfully execute and deliver new capabilities or better serve clients.
  • Manage project status meetings, ensuring ability to communicate status to internal, senior management and external stakeholders,
  • Maintain & produce complete and accurate reporting and updates for senior management and key stakeholders around issues, risks, progress, and accomplishments.
  • Effectively communicate, collaborate and develop relationships with diverse stakeholders with varied interests.
  • Support annual planning, funding & resourcing prioritization activities where required.
  • Understand the firm’s strategic plans, business, process and architecture and apply that knowledge in the solution design and development phases.

Skills

  • Highly motivated individual who can lead in a complex environment across multiple stakeholders ensuring the success of critical initiatives.
  • Highly organized, strong analytic skills, ability to operate independently and to move seamlessly between multiple projects/implementations with changing client requirements
  • Demonstrate strong understanding of Alternatives products.
  • Strong organization, communication and interpersonal skills, written and oral, including interaction with senior stakeholders.
  • Ability to organize, prioritize, balance key tasks and manage time effectively.
  • Demonstrate strong communication skills and the ability to develop and define clear business requirements for various project documentation e.g. use cases, business requirement document.
  • Comfortable facilitating working groups and large discussions to ensure common understanding and drive decisions.
  • Strong presentation skills to both internal and external stakeholders, including client interaction.
  • Ability to evidence facts and back up with data to validate decision making.
  • Ability to distil complex information into clear, concise actionable insights for senior management.
  • Strong problem-solving skills
  • Demonstrate the ‘Risk Excellence’ culture in your behaviour and a high level of Code of Conduct

Experience

  • Bachelor’s degree on business, accounting or related field.
  • Minimum of 5-8 years of alternatives industry experience
  • Working knowledge of SDLC, Jira, Clarity and other development related tools.
  • Knowledge of or experience leading programs related to the financial services industry is an advantage.
  • Experience interacting and presenting to senior management around status and strategy reporting.
  • Demonstrated success working closely with leadership across a large organization to drive successful outcomes would be an advantage.

About State Street

What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You’ll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.

Inclusion, Diversity and Social Responsibility. We truly believe our employees’ diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.

State Street is an equal opportunity and affirmative action employer.

Discover more at StateStreet.com/careers

Salary Range:

$80,000 - $140,000 Annual

The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.

Employees are eligible to participate in State Street’s comprehensive benefits program, which includes: our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; paid-time off including vacation, sick leave, short term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax advantaged savings plans.

For a full overview, visit https://hrportal.ehr.com/statestreet/Home.

About State Street

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.

We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

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Job Application Disclosure:

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.